Common use of Coverage for Eligible Retirees Under the Age of Sixty-Five Clause in Contracts

Coverage for Eligible Retirees Under the Age of Sixty-Five. 16.4.3.1 The District’s premium payment for health benefits for a retiree under this section shall be limited to the cost of coverage equivalent to the most expensive Health Maintenance Organization (HMO) plan available to active employees during any particular year. The cost to the retiree is based on the retiree premium rate of the HMO plan in which the retiree is enrolled. 16.4.3.2 The District contribution toward group medical coverage for the retiree and spouse, until the affected retiree or spouse reaches age sixty-five or otherwise becomes eligible for Medicare Coverage, shall be limited to a percentage of the maximum health benefits contribution to premiums as cited above in 16. 4.3.1. This percentage is determined from the table shown below.

Coverage for Eligible Retirees Under the Age of Sixty-Five. 16.4.3.1 The District’s premium payment for health benefits for a retiree under this section shall be limited to the cost of coverage equivalent to the most expensive Health Maintenance Organization (HMO) plan available to active employees during any particular year. The cost to the retiree is based on the retiree premium rate of the HMO plan in which the retiree is enrolled. 16.4.3.2 The District contribution toward group medical coverage for the retiree and spouse, until the affected retiree or spouse reaches age sixty-five or otherwise becomes eligible for Medicare Coverage, shall be limited to a percentage of the maximum health benefits contribution to premiums as cited above in 16. 4.3.1. This percentage is determined from the table shown below.